Head of state electricity company MVM said electricity prices in the future will be much lower than predicted earlier and indirectly hinted that the Paks nuclear expansion will be unprofitable.
per Mw/h electricity price during that duration. The government still sticks to these projections, although the rise in green-energy investments is driving prices down globally.
If MVM's projections come true, this would mean that the multi-billion dollar investment would be heavily loss-making and taxpayers would have to foot the bill, Népszabadság writes. The European Union has still not endorsed the project as it currently investigating the expansion whether it makes sense from a market point of view. If it is deemed not competitive, then it could stop the project on the assumptions that state aid will be required to operate the plant.
